However, there is some fine print in the definition, a loophole which works in the favor of governments. It works in the government’s favor because it makes the unemployment rate appear smaller in bad times i.e. less worse than it actually is. However, when times are good, there is ...
A rise in the unemployment rate is not always a bad thing. The one-tenth point rise in the U-3 rate in March, for example, was a function of more potential workers getting out and looking for jobs. That could mean that previously marginalized workers are seeing progress in the job marke...
In conclusion, what accounts for education pays is not the degree alone, but the graduate’s ability and leaning habit. 作文B: 标准版: Education Pays The above bar chart clearly shows us education pays in 2010. We see that unemployment rate of those with higher education background is much...
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A couple of weeks back, Ihad a bit of funwith Donald Trump’s claim that the “real” unemployment rate is as high as 42 percent. That number is absurd — it would require counting everyone who isn’t working, including retirees, students and the disabled, as “unemployed.” But whether...
What to Be Aware of When Using a Salary Calculator Here’s what you should be aware of when using salary calculators to determine your worth in the job market. Consider Factors Other Than the Base Salary "When people are trying to deem what is the market rate for what they do, they oft...
exist, however, between the magnitude of increases in the unemployment rate during a recession and decreases in the unemployment rate during the ensuing ... AZHAR IQBAL,MARK VITNER - 《Business Economics》 被引量: 2发表: 2011年 HOW BAD (REALLY) IS 8% UNEMPLOYMENT? This article discusses unemp...
entire generations of people with the bad luck to enter the workforce during such times may never make up the lost income opportunities. Those who retire into the teeth of a recession often find a huge chunk of theirsavingsis gone, forcing them to either live on less than they’d expected...
The national unemployment rate is determined as a result of the Current Population Survey (CPS), conducted by the U.S. Bureau of Labor Statistics (BLS). The true percentage of people who don't have jobs or aren't making enough money is often worse than the official unemployment rate sugges...
there is an economic principle that describes it:Okun’s law, named after Arthur Okun, the economist who first documented it. A related rule of thumb says the economy must grow two percentage points faster than its potential growth rate to cut the unemployment rate by just one percentage ...